If you have no dependents, and don’t think you ever will, and have no desire to leave a legacy to anyone, this may not be for you.

If your agent
proposes a fixed death benefit, ask to see illustrations for both fixed and
increasing death benefits.

Discuss both fixed
and variable rate loan options with your agent, and ask if you can switch loan types
if you need to.

All permanent life insurance
policies have low liquidity in the first few years.If this is a problem for you, don’t put all
your eggs in one basket.

Don’t over commit on
your minimum premium amount.If you were
out of work for a couple of months, could you still pay your premiums?Having an emergency fund to cover short term
problems is recommended.After your policy has built up some cash
value, you can pay your premiums from the cash value.